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Display Driver Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Display Driver Market Analysis
Market Size & CAGR of Display Driver Market in 2021
The global display driver market is projected to reach a value of USD 10.2 billion in 2021 with a Compound Annual Growth Rate (CAGR) of 4.5%.
COVID-19 Impact on the Display Driver Market
The COVID-19 pandemic had a mixed impact on the display driver market. While there was a temporary slowdown in manufacturing and supply chains, the increased demand for electronics and remote working solutions led to a surge in display driver sales.
Display Driver Dynamics
The display driver market is driven by the growing demand for high-resolution displays in smartphones, tablets, and other consumer electronics. Technological advancements in display driver ICs and the increasing adoption of OLED displays are also contributing to market growth.
Segments and Related Analysis
The display driver market is segmented by type, application, and region. By type, the market is divided into LED display drivers, OLED display drivers, and others. In terms of application, the market covers smartphones, televisions, automotive displays, and more.
By Region Analysis
The display driver market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific is expected to lead the market due to the presence of major electronics manufacturers in countries like China and South Korea.
Key Market Players and Competitive Landscape
Some of the key players in the display driver market include Synaptics Inc., Novatek Microelectronics Corp., Himax Technologies Inc., and Silicon Works Co., Ltd. The market is highly competitive, with companies focusing on product innovation and strategic partnerships to gain a competitive edge.
Recent Happenings in the Display Driver Market
In recent years, the display driver market has witnessed advancements in miniaturization, increased integration of functions, and the development of display driver ICs for flexible and foldable displays. Additionally, the shift towards 5G technology and the Internet of Things (IoT) has created new opportunities for display driver manufacturers.
